GoDaddy Inc. (NYSE: GDDY – Rated) Chief Financial Officer Mark McCcaffrey sold 915 shares of the company in a transaction that took place on Tuesday, Oct. 4. The stock sold at an average price of $74.51 for a total transaction value of $68,176.65. Following the sale, the CFO now directly owns 81,335 shares of the company, valued at $6,060,270.85. The transaction was disclosed in a legal filing with the U.S. Securities and Exchange Commission, which is available via this hyperlink.
Mark McCcaffrey also recently made the following transactions:
- On Wednesday, September 7, Mark McCaffrey sold 2,700 GoDaddy shares. The stock sold at an average price of $73.56 for a total volume of $198,612.00.
GoDaddy price performance
GoDaddy shares were up 4 cents at $77.27 in Thursday trading. Volume of the company’s shares was 706,133 shares, compared with the average volume of 1,383,992 shares. GoDaddy Inc. had a 1-year low of $64.81 and a 1-year high of $88.32. The company’s 50-day moving average is $76.44 and its 200-day moving average is $76.10. The company has a market cap of $12.11 billion, a price-to-earnings ratio of 37.33, a price-to-earnings ratio of 2.30, and a beta of 0.93.
GoDaddy (NYSE: GDDY – Get Rating) last released its earnings results on Wednesday, August 3rd. The tech company reported earnings per share (EPS) of $0.56 for the quarter, beating analysts’ consensus estimate of $0.47 by $0.09. GoDaddy has a net profit margin of 8.58% and a return on equity of 147.44%. The company’s revenue for the quarter was $1.02 billion, compared with the consensus estimate of $1.02 billion. Equity Research analysts expect GoDaddy Inc. to report earnings per share of 2.2 for the current year.
Analyst Rating Changes
GDDY has been the subject of many recent analyst reports. Barclays raised its price target on GoDaddy stock to $107.00 from $104.00 in a research note on Thursday, Aug. 4, with an “overweight” rating on the stock. Evercore ISI raised its price target on GoDaddy stock to $91.00 in a research note on Tuesday, Aug. 9. Morgan Stanley raised its price target on GoDaddy stock to $93.00 from $91.00 in a research note on Thursday, Aug. 4, with an “equal weight” rating on the stock. Finally, Raymond James lowered his price target on GoDaddy stock to $100.00 from $108.00 and assigned a “Strong Buy” rating to the stock in a research note on Thursday, Aug. 4. One research analyst has a hold rating on the stock, five have a buy rating and one has a strong buy rating on the company’s stock. GoDaddy currently has a “buy” consensus rating and a consensus price target of $100.75, according to MarketBeat.
Institutional Transactions at GoDaddy
Some hedge funds and other institutional investors have recently bought and sold GDDY stock. Starboard Value LP purchased new shares of GoDaddy for $576,318,000 in the fourth quarter. Wellington Management Group LLP increased its stake in GoDaddy by 28.5% in the first quarter. Wellington Management Group LLP now owns 13,754,555 shares of the tech company’s stock valued at $1,151,257,000 after purchasing an additional 3,052,975 shares in the previous quarter. JPMorgan Chase & Co. increased its stake in GoDaddy by 1,429.5% in the first quarter. JPMorgan Chase & Co. now owns 1,291,216 shares of the tech company’s stock, valued at $108,074,000, after purchasing an additional 1,206,794 shares last quarter. Goldman Sachs increased its stake in GoDaddy by 108.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,396,699 shares of the tech company’s stock, worth $116,903,000, after buying an additional 727,582 shares in the previous quarter. Finally, Freshford Capital Management LLC purchased new shares of GoDaddy for $37,165,000 in the first quarter. Institutional investors hold 96.50% of the company.
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GoDaddy Inc designs and develops cloud-based technology products in the United States and internationally. The company offers domain registration products that can attract customers in the initial stages of establishing a digital identity. It also offers shared website hosting products that offer a variety of applications and products such as web analytics, Secure Sockets Layer certificates, and WordPress; websites hosted on virtual private servers and virtual private server products, allowing customers to choose the applications, requirements, and growing server configurations; managed products, which are used to set up, monitor, maintain, secure and patch software and servers for customers; and security products, a suite of tools designed to help protect customers’ online presence.
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